Smith Street Corner Commercial Condo | Cobble Hill

Description:

TerraCRG has been retained to exclusively represent ownership in the sale of 209 Smith Street, a commercial condo located on the bustling Smith St retail corridor in the Brooklyn neighborhood of Cobble Hill. The retail condo has been occupied since 2019 by My Gym, a children’s fitness and development center with over 600 locations in more than 30 countries.
 
My Gym Cobble Hill offers a variety of activities/teaching such as independent gymnastics, dance and sports skills as well as the promotion of a healthy lifestyle for children aged 6 weeks to 10 years. Cobble Hill’s strong sense of community and high concentration of young families make it a perfect fit for My Gym, which also specializes in private events.
 
At the suggested pricing guidance, the roughly 4,233 SF retail condo is being offered at a ~6.3% cap rate and ~$685/SF. 209 Smith is ideally located two blocks from the F & G trains at Bergen St, a few blocks from Carroll Park and in very close proximity to some of the best restaurants and cafes that Brooklyn has to offer.